When thinking about a bail bond, most people immediately think of money. Currency is certainly a good option for posting bail, but if someone is short on cash, there are other options. Sometimes, you can offer collateral directly to the courts, while other times you may need to work with a bond company. Bond companies charge a fee. But if you can’t afford this fee, you can possibly set up a payment plan, and the collateral can be used as backup. Here are some of the most common forms of collateral used for bail bonds.
Vehicles
Courts will not take a vehicle title to use as collateral for bail, but most bond agents will accept them as collateral for a bond. The value of most used cars will cover the amount for bonds for most nonviolent crimes. Because of this, vehicles are one of the most common forms of collateral used through a bond agent.
Real Estate
In most cases, real estate can be used both in the courts and with a bail bond company for collateral. The property must be registered with the state, and the amount the property is worth must satisfy the cash amount set for bail. If you are posting bail for someone else, offer up your real estate with caution. If the defendant does not show up for their court date, the property will be forfeited to the state or the bond company to satisfy the bail.
Hard Currency
Precious metals such as gold, silver, and platinum will be accepted by many bond companies. These metals hold value, so you don’t need stamped coins. If you have some of these metals in your home, it’s worth asking your bond agent if they might be accepted.
Firearms
Firearms generally hold their value very well. They are a great option for bonds that are not too high. Talk to your bondsman to see if they will accept firearms as collateral.
Stocks
Both retirement accounts and stocks can be used as collateral. If you play the market, you can offer your assets to the bonds agent.
Jewelry
Jewelry can be valuable, and it can serve as collateral in a pinch. You will need to get an appraisal, but it can work.
It’s important to secure bail. Anyone left in jail could worsen their care. Plus, jail is unpleasant, and it’s best to get out as soon as possible. If you have collateral, it can help to persuade a bond agent to post a more risky bond. If you have questions about bond collateral, contact us at Atlantic Bail Bonds today. You can reach us at [phone] or contact us online.
Generally, cash is used to pay bail, but in some cases, property can be used to bail a person out of jail. A
Cash bonds and surety bonds are not one and the same. Though many people assume all bonds are fairly similar, the truth is that there are substantive differences between each type. Let’s take a look at how cash bonds differ from surety bonds.
Chances are you have heard or read about bail, yet you might not understand what this word truly means in the context of the law. Bail is an essential component of restoring an individual’s freedom and quality of life after being charged with a crime and jailed. Every United States citizen, regardless of his or her age or other demographics, should have a thorough understanding of bail.
It’s never good news to hear that someone you care about is in jail. Still, when that happens, you need to know what to do. Most of the time, the first step is bailing them out of jail. If you don’t know how to do that, these steps will show you the way.
When someone is arrested and incarcerated for a crime in the state of Florida, that person may be able to obtain a conditional release from jail by posting bail. But it’s important to note that not every defendant qualifies for bail. Typically, those who do qualify have their bail amount set within 24–72 hours of the arrest, or in some circumstances, they must request a bond hearing to obtain a bail amount.
An indemnitor is the individual who cosigns a bail bond. This cosigning is done in support of the defendant who is charged with a crime. Cosigning for a
Being arrested and put in jail can be a traumatic experience, especially if you are innocent. Thankfully, you won’t have to spend much time in jail if you post bail.
When you bond someone out, you’re essentially promising that they are going to make their court date. Otherwise, you (and they) will become responsible for the full amount of the bail. But there are situations that can prevent someone from attending court. One is getting rearrested.
If you get a call from jail and a friend or family member has been arrested, you may be asked to cosign for a bail bond. If you want to help your loved one get out of jail, you can do so. But cosigning a